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CONSOLIDATED CONDENSED STATEMENTS OF EQUITY - USD ($)
$ in Millions
Total Stockholders' Equity Attributable to Penske Automotive Group
Common Stock
Additional Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Total
Balance at Dec. 31, 2018 $ 2,609.1   $ 477.8 $ 2,365.8 $ (234.5) $ 25.6 $ 2,634.7
Balance (in shares) at Dec. 31, 2018   84,546,970          
Increase (decrease) in stockholders' equity              
Adoption of ASC | ASC 606 5.0     5.0     5.0
Equity compensation 9.3   9.3       9.3
Equity compensation (in shares)   374,549          
Repurchases of common stock (130.6)   (130.6)       (130.6)
Repurchases of common stock (in shares)   (2,965,214)          
Dividends (64.5)     (64.5)     (64.5)
Purchase of subsidiary shares from non-controlling interest           (4.8) (4.8)
Distributions to non-controlling interest           (0.4) (0.4)
Foreign currency translation (9.6)       (9.6) (0.2) (9.8)
Other 3.8       3.8 0.6 4.4
Net income 218.0     218.0   (0.3) 217.7
Balance at Jun. 30, 2019 2,640.5   356.5 2,524.3 (240.3) 20.5 2,661.0
Balance (in shares) at Jun. 30, 2019   81,956,305          
Balance at Mar. 31, 2019 2,641.2   428.1 2,438.8 (225.7) 19.7 2,660.9
Balance (in shares) at Mar. 31, 2019   83,651,509          
Increase (decrease) in stockholders' equity              
Equity compensation 4.6   4.6       4.6
Equity compensation (in shares)   11,662          
Repurchases of common stock (76.2)   (76.2)       (76.2)
Repurchases of common stock (in shares)   (1,706,866)          
Dividends (32.3)     (32.3)     (32.3)
Distributions to non-controlling interest           (0.3) (0.3)
Foreign currency translation (16.6)       (16.6) 0.1 (16.5)
Other 2.0       2.0 0.3 2.3
Net income 117.8     117.8   0.7 118.5
Balance at Jun. 30, 2019 2,640.5   356.5 2,524.3 (240.3) 20.5 2,661.0
Balance (in shares) at Jun. 30, 2019   81,956,305          
Balance at Dec. 31, 2019 2,793.4   320.4 2,675.8 (202.8) 18.2 2,811.6
Balance (in shares) at Dec. 31, 2019   81,084,751          
Increase (decrease) in stockholders' equity              
Equity compensation 10.1   10.1       10.1
Equity compensation (in shares)   278,446          
Repurchases of common stock (34.2)   (34.2)       (34.2)
Repurchases of common stock (in shares)   (1,023,288)          
Dividends (34.2)     (34.2)     (34.2)
Interest rate swaps (4.1)       (4.1)   (4.1)
Foreign currency translation (65.2)       (65.2) (0.1) (65.3)
Other (2.7)       (2.7) 0.1 (2.6)
Net income 96.8     96.8   (0.5) 96.3
Balance at Jun. 30, 2020 2,759.9   296.3 2,738.4 (274.8) 17.7 2,777.6
Balance (in shares) at Jun. 30, 2020   80,339,909          
Balance at Mar. 31, 2020 2,689.7   295.9 2,693.3 (299.5) 17.8 2,707.5
Balance (in shares) at Mar. 31, 2020   80,463,278          
Increase (decrease) in stockholders' equity              
Equity compensation 5.2   5.2       5.2
Equity compensation (in shares)   9,724          
Repurchases of common stock (4.8)   (4.8)       (4.8)
Repurchases of common stock (in shares)   (133,093)          
Interest rate swaps (4.1)       (4.1)   (4.1)
Foreign currency translation 27.5       27.5 0.1 27.6
Other 1.3       1.3 0.1 1.4
Net income 45.1     45.1   (0.3) 44.8
Balance at Jun. 30, 2020 $ 2,759.9   $ 296.3 $ 2,738.4 $ (274.8) $ 17.7 $ 2,777.6
Balance (in shares) at Jun. 30, 2020   80,339,909